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European industrial policies in the post-war boom: 'planning the economic miracle'

Foreman-Peck, James S. ORCID: 2014. European industrial policies in the post-war boom: 'planning the economic miracle'. Grabas, Christian and Nützenadel, Alexander, eds. Industrial Policy in Europe after 1945: Wealth, Power and Economic Development in the Cold War, Basingstoke: Palgrave Macmillan, pp. 13-47.

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This survey briefly outlines the characteristics and drivers of western European industrial policies over the years 1945–75. Institutions for the coordination of labour bargaining were not decisive for the most rapidly growing economies. Rather policies were that encouraged openness to trade and investment, for they created an environment favourable to competition and technology transfer. Ireland demonstrated how much could be lost by failing to liberalise trade and investment. Spain and Greece were the stars of industrial growth, yet their lower growth of exports to GDP reflected under-performance. West Germany rapidly resumed her pre-1914 position as Europe’s industrial core thanks to price decontrol in 1948 and a judicious institutional compromise between the state, corporatism and the market in an open economy.

Item Type: Book Section
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Publisher: Palgrave Macmillan
ISBN: 9781137329899
Last Modified: 27 Oct 2022 08:37

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